How to Determine Rental Rate for Party Rental - Part 1

In this video, we got to sit down with a party rental industry veteran, Tom from Got You Covered Tents and Events in San Luis Obispo, CA. Tom has been in the party rental business his whole life, and in this first video of a two part series, he shares his insights on how to price various rental items.
Learn about how to determine the rental rate for your folding chairs, folding tables, stacking chairs, flatware, chinaware and glassware. And, keep your eyes peeled for part 2 in this series where Tom talks about dance floors, staging, catering equipment and tents.
This information is great for new rental companies, but also for event venues that want to know how to get a return on investment for furniture and equipment.
Visit Got You Covered for all your tent and event rental needs on the Central Coast of California: www.gycrentals...
And of course, if you still need to buy the items we discuss when starting your party rental company, you can do so at EventStable!
Plastic folding chairs: www.eventstabl...
Resin folding chairs: www.eventstabl...
Wood folding chairs: www.eventstabl...
Folding tables: www.eventstabl...
Stacking chairs: www.eventstabl...
#eventstable #partyrentals

[@tacticooloutdoors360]

Great content. My fiancé and myself are looking into starting a rental business in the coming months. After planning for our wedding and all the money we spent. This seems to be a very lucrative business. Eventually we are looking into getting some property to have a venue for weddings and other parties.

[@Eventstable]

Hi Tyler, we hope you do it! Having been in the rental business, I can say, it's challenging, but rewarding. Keep an eye out as we will soon be publishing new videos with tours of rental companies as well as more of these types of sit-downs with rental business owners! Thanks for watching!

[@marianitanova9995]

Thank you we just staring our business and we were lost with prices But watching this video made everything more easy thank you 🙏

[@Eventstable]

Excellent! Glad to hear that. Good luck to you!

[@saratorchon6169]

This was beyond helpful and entertaining! Starting my business and felt so lost but this gave me some courage. Thank you!

[@Eventstable]

So glad to hear it! Good luck with your business!

[@motherhoodfineprint]

Same.

[@weddingdesigner4u]

I needed to see this video. I just started a small event boutique and have struggled with pricing some of our event pieces. This was great. Thank you

[@Eventstable]

Hi Synetta, thanks so much for sharing your thoughts! We are pumped that this is helpful.

[@Dreamerseventrentals]

Crazy to watch this video just a few years later and hear that he mentioned 8ft tables once sold for $55 and now even the cheapest 8ft is well over $120. Great video.

[@royalty2506]

What vender did you find the tables for at $120?

[@edwo6648]

The 55$ tables were garbage coming from china, now that same garbage is 140.

[@cattleyadecor5874]

This was very informative. I operate a rental business in Jamaica.

[@motherhoodfineprint]

Where would be the best place to buy tables and chairs in bulks and when is the best time to buy for a new business?

[@therentalguy]

Thanks for this video. I pressed like twice. It didn’t give 👍🏻👍🏻 so I had to press it again 👍🏻=👍🏻👍🏻👍🏻

[@Eventstable]

Haha, great! Thanks for watching. 🤙🏻

[@royalty2506]

Great information, may I asked where did you get the tables and chairs from?

[@cavape2008]

can you show the crates for dinner plates and how a milk crate is used for those. Thanks

[@Eventstable]

Hey Carlos - will do for sure. Keep your eyes peeled for a future video that will include this. Thanks for watching!

[@melissadorfe6902]

Very helpful thanks

[@Eventstable]

Melissa Dorfe glad to hear it! Thanks for watching!

[@cliqueballoonsblooms5583]

Great info.

[@JaimeMelendez131]

How about picnic tables? The lifetime products foldable kind. See picniccity in chicago. You think they are priced right?

[@Eventstable]

I found you guys right away. Couldn't locate a rental rate though. They're probably priced right if you're making money! I'd guess that a 10-15% return per rental would be the way to go? (due to size, weight, and seasonality)

[@JaimeMelendez131]

EventStable.com thanks for looking. That’s right. Good to know. We list them at $45 per picnic table and umbrellas w/base at $30. We currently have the largest inventory of picnic tables in all of the surrounding the states. It’s definitely a niche but we love it. Thanks for the heads up your information and videos are priceless.

[@Eventstable]

Right on the money then! I'm glad this is all helpful. Thanks so much for watching and being a subscriber. Much more coming!

[@bradandpamsexcellentadvent8097]

RFID tags!!! I heard you say it!!! Do you have (or know of) an inventory system that uses RFID tags?

[@nickjones3648]

Are the rental prices by the hour?

[@KristiLeeVan]

Where do you buy your products? How do I find the best suppliers?

[@Eventstable]

Kristi Van Eaton Well, we are of course biased but check out EventStable.com for many of the rental products mentioned. We had our rental company using all of our own products (those we sell) and can back up the quality for rental. Thanks for watching!

[@motherhoodfineprint]

That’s my question too

[@BigReege]

Very valuable info. Thanks for the share.

[@eliascruz9757]

You are talking about hour??? 10$ an hour on the tables??? 3$ an hour pire char???? An hour... the rental...

[@Eventstable]

Elias Cruz - hello! No generally rental rates are per event or per weekend. So if a rental company delivers a table Friday and picks it up Monday, they would charge, say, $10 for the table (and of course delivery, damage waiver, etc)

[@Beachbutlerz]

Tom is sexy AF!!

[@Eventstable]

And I had to talk him into putting a button down on instead of his tank top...

[@Beachbutlerz]

@@Eventstable LOL!!!! I'm surprised he even agreed to wear a shirt! Hahaha! The videos you have been doing are awesome.

[@Eventstable]

Haha! Thank you!

[@mariodominguez2963]

This is stupid just say an amount not percentage, a chair $1.00 a chair a 6ft folding table $9 something like that, plus delivery.

[@edwo6648]

LOL .. Samsonite hasn't been around since the first Bush administration. And yes only an idiot would use pricing based on purchase price.